January 13th Bitcoin Morning Technical Review

From the hourly chart, the MACD red bars are gradually expanding, indicating that the short-term bullish momentum is recovering, which is a small signal.

At the 4-hour level, things get interesting — moving averages are entangled, and the Bollinger Bands are also flat, with the MACD indicator turning upward. This combination suggests that the bulls are attempting to mount a counterattack. However, the trading volume is not keeping up, and the momentum of the rebound is naturally limited. It appears that the market will continue to fluctuate within this range.

Trading strategy: Consider shorting on a rebound to the 92,500-93,500 level, with targets around 91,000-90,000.